Investing In Stocks?

Question

I wanted to know how do a 16 year old go about buying stocks in companies without signing up with an online incesting service.

Answer 1

Well, hopefully you mean online investing service.

Best way to do so would be with an online brokerage. The commissions's' ll be cheaper and you can do your own research through sites like IBD or investools, etc.

If you don't want to do that, you can visit some local brokerages. Often, you can connect with someone there who'll take you under their wing and show you some ropes. The only thing about that is that most brokers don't know crap about making money in the stock market. If you talk to people, most people lose money and/or just break even with the market because brokerages aren't in the business to make you money. They're in the business not to lose you too much money. There's a big difference between the two. Not losing you too much money keeps their fees flowing and is what makes brokerage firms so profitable.

Answer 2

Why wouldn't you want to use an on-line broker? Scottrade offers $7.00 trades. If you go with a broker you'll be paying higher fees and paying them more often. The broker only makes money when you make a trade.

If you are worried about not picking the right stock, hey join the club. Everybody picks a dog. Research the company you are interested in and maybe stick with a large defensive stock like General Mills or one of the large oil companies.

Answer 3

First off, you have to be 18 to have a brokerage account, so talk to your parents. They will need to be the name on the account. Second you (ie. your parent) can buy stock directly from most companies, but the question is why would you? When you buy from a broker, you can get the best price, ie. the price you want to pay. Buy directly from the company, you will get the trade price the day they do the trade. Lastly, buying online has the cheapest fees, but you can purchase stocks via a broker over the telephone for a much higher trade fee.

Answer 4

Hi, i know what your question means. i also think stock market is a nice place for investing.

I found some useful tips in stock trading. It includes stock basics, how to protect your profit, find a potential increase share, control and manage stock risk, when to sell/buy stock and so on.

http://www.bernanke.cn/stock-trade/

Best Wishes && Good Luck!